Bill · S.Res. 193· Senate(119-SRES-193)
A resolution designating April 2025 as "Financial Literacy Month".
- Introduced
- 4/30/2025
- Last activity
- 4/30/2025 — Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S2710; text: CR S2718-2719)
- Sponsored by
- John Reed
- Cosponsors
- - 9 - 14
- Introduced
- Officially Recorded
- Adopted by the Senate
A Senate resolution is the Senate speaking for itself: stating a position, honouring someone, or setting its own rules. Adopting it is the whole process. Once the Senate agrees to it, it is officially the Senate's word; it is not a law, so the House and the President have no part in it.
What this bill would do
S. Res. 193 designates April 2025 as "Financial Literacy Month". The resolution aims to raise public awareness regarding the importance of personal financial education and the consequences of lacking that understanding. It calls on various entities, including the Federal Government, states, schools, and businesses, to observe the month with programs and activities.
Yes· 3 of 34
Would people with disabilities be better off under this?+6
The bill explicitly highlights the need for and benefit of targeted financial education for this group.
Would students be better off under this?+6
Focuses heavily on integrating financial education into high school and improving aid application rates.
Would people in their twenties and thirties be better off under this?+5
Directly targets high school and young adults to improve credit scores and reduce debt defaults.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Public Awareness: By designating April 2025 as "Financial Literacy Month," the resolution seeks to highlight the importance of personal financial education and the risks associated with not understanding personal finances (Resolved section 1).
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Support for Financial Inclusion: The text notes that expanding access to the mainstream financial system provides people with more secure and less expensive ways to manage money and build wealth (Whereas clause).
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Benefits for Students: Financial education in high school is linked to higher credit scores, fewer defaults for young adults aged 18 to 21, and a higher likelihood that college-bound students apply for financial aid (Whereas clause).
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Empowerment for Individuals: Increased financial literacy empowers people to make wise financial decisions and reduces confusion caused by a complex economy (Whereas clause).
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Support for Vulnerable Groups: The resolution recognizes that people with disabilities could benefit from targeted financial education to help with making ends meet and managing financial products (Whereas clause).
Potential Negative Impacts for People
- No negative impacts for individuals or groups are explicitly listed in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For People With Disabilities+6Good For Students+6Good For Low Income Households+5Good For Young Adults+5Good For Immigrants+4Good For African Americans+3Good For Children+3Good For Hispanic Americans+3Good For Middle Class Households+3Good For Native Americans+3Good For Retirees+3Good For Rural Residents+3Good For Urban Residents+3Good For Asian Americans+2Good For Business Owners+2Good For Farmers+2Good For L G B T Q Community+2Good For Men+2Good For Middle Aged+2Good For Seniors+2Good For Union Workers+2Good For Veterans+2Good For White Americans+2Good For Women+2Good For High Income Households+1
- Social Issues And Justice
- Improves Disability Rights+3Improves Poverty Reduction+3Improves Racial Equity+1Reduces Homelessness+1
- Economy And Finance
- Improves Consumer Protection+2Improves Economic Growth+2Improves Fiscal Responsibility+2Improves Small Business Support+1
- Education And Technology
- Improves College Affordability+1
- 4/30/2025
- Passed/agreed to in Senate: Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent.
- Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S2710; text: CR S2718-2719)
- 24 Cosponsors added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
John BoozmanRepublican · Arkansas
John BarrassoRepublican · Wyoming
Jim BanksRepublican · Indiana
Lisa Blunt RochesterDemocrat · Delaware
Katie BrittRepublican · Alabama
Maria CantwellDemocrat · Washington
Mike CrapoRepublican · Idaho
Susan CollinsRepublican · Maine
Shelley CapitoRepublican · West Virginia
Kevin CramerRepublican · North Dakota
Richard DurbinDemocrat · Illinois
Maggie HassanDemocrat · New Hampshire
Cindy Hyde-SmithRepublican · Mississippi
Mark KellyDemocrat · Arizona
Angus KingIndependent · Maine
Cynthia LummisRepublican · Wyoming
Gary PetersDemocrat · Michigan
James RischRepublican · Idaho
Mike RoundsRepublican · South Dakota
Tim ScottRepublican · South Carolina
Tommy TubervilleRepublican · Alabama
Ron WydenDemocrat · Oregon
Raphael WarnockDemocrat · Georgia
Sheldon WhitehouseDemocrat · Rhode Island